this conference hosts us drop all similar to the one we told you about from seatac conservative postelection great early indicator for those republican hopefuls who might be thinking about a 2016 run. this straw poll about a thousand people polled. and it governor christie placed fourth. the winner of of the struggle was retired neurosurgeon ben carson then wisconsin governor scott walker followed by ted cruz and then governor governor christie who beat out jeb bush. we have in studio via skype grover norquist the pres. of americans for tax reform to give us insight on whether or not this is a big deal for governor christie. >> absolutely. it is a big deal. there are a lot of people on the ballot. governor christie came in 4th. bill: if you think about it it really is incredible. a northeastern governor considered a moderate by many to fall that well is impressive. why is he why is he appealing? on the other do you think he is straddling that fence being appealing to conservatives and also appealing to moderates? taking away some of the thunder from jeb bush is probably the most significant

postelection policy change was number one.her words, they were worried about political uncertainty. averted, we have smiles all around. but number two was the eu and the uk's membership in the eu. this is not to say that uncertainty has completely vanished. he promised that there would be a referendum on eu membership by the end of 2017. olivia: that was david reporting. the responseble that the british government had to the crisis. the austerity prescribed by george osborne. at first the imf said what are you doing, no austerity. and then the imf had to apologize to george osborne and the british government for effective -- how effective their response was. pimm: and now they are using the same argument for greece. olivia: sometimes it feels like the imf forecasts are actually retroactive. pimm: the figure of them out based on what already happened. yesterday's news tomorrow. olivia: that is actually hu europe's economy. it is even more severe, the lack of productivity in the u.k. than it is in the u.s.. pimm: with your exper

they have had the biggest bones -- about postelection. still underperforming by 25% over 12 months, even after that rise. jonathan: if i don't want to get exposure to super prime here in london, i want exposure to a 12 month story that could play out with a conservative majority, a big major main street house builder where do i go? charlie: fair way. it offers reasonable liquidity. the great thing is it has opportunities to grow. as we look forward over the next 4-5 years, government does want more houses built across the u.k., a stock like ball away is very well placed. the big companies are giving up on volume growth. the ways is sitting nicely in the middle. it makes it an interesting stock . i think that will be the theme of the next two years, how do you get the volume growth that everyone has promised in this election. jonathan: the analysts are all bullish. they are worried about a repeat of 2009. home builders themselves are worried about a repeat of 2009. we talk about rate hikes, we're talking about the first hike 10 point, 25 b

sterling-cable, erasing almost all the postelection gains., high today but poised for his first drop since march. here's a picture of euro-dollar or the session today. one euro, what are you buying me? $1.09, pretty much dead flat on the session. if you want to talk about these markets, you know where i am. i'm on twitter. good luck for the rest of your day. have an awesome weekend. ♪ francine: fif votes. a will sepp blatter get the backing to survive? deal or no deal, greek leaders name a debt agreement. and as the g7 meeting continues in dresden, we will hear from pierre moscovici. welcome to "the pulse" live from bloomberg's european headquarters in london. fifa members will set

the postelection gains, we have some this monday.ng on to asia, the central banks have a rate cut. >> the chinese central bank has adopted a multi-pronged approach. they have cut rates three times and have been injecting liquidity, rolling credit facilities as another way to ensure activity and ready to keep money market rates low. goldman sachs is saying there will be a cut another quarter followed by another benchmark rate and citigroup looking for another 50 basis point cut. back to you. now back here in the states, julie hyman has the big --ries of the marketplace of the market day so far. on the plus side, the russell 2000 is actually on the rise. that means small caps are performing better than the overall market. if you look at the russell, we have a gain of .5%, which is not huge but better than the major averages. back to crude oil -- we see the decline, snapping the winning streak it has been on and it is pulling down energy stocks. that seems to be the big stumbling block. the nasdaq is little changed while the dow and s&p

and, of course, the other big story from friday, sterling, one pound by you more, up 8/10 of postelection: moving to asia, our report from beijing on the central bank rate cut. aporter: they have multi-pronged approach in monetary policy. so far, they have cut rates three times, and they have been injecting liquidity into the operations. shore up economic activity, and this is to keep money market rates low, so we are likely to see more moves ahead. goldman sachs says we will see a triple cut in the quarter followed by another cut. citigroup is looking for another 50 basis points cut this year, and bloomberg economists are looking for rates to go down again is the economic trend continues. back to you. mark: and now, to the headlines, rebels in yemen say they shot down a moroccan plane. morocco has said only that the waswas missing, and it flown by saudi arabia to stop the rebels. if true, it will be the first jet shot down by the shiites since fighting began in late march. the fate of the pilot is not known. air forces across europe are grounding and airbus military transport after a fat

postelection policy change was number one. they were worried about political uncertainty.ot smiles all around. but number two on the list of things to worry about is the eu and uk's membership in the eu, whether the u.k. will decide to leave the european union. david cameron promised on the campaign trail there would be a referendum on eu membership by the end of 2017. scarlet: that was bloomberg's david girl. alix: jeb bush and the ever persuasive -- pervasive iraqi question, why does he keep stumbling over it? ♪ scarlet: we are still awaiting a decision by a boston jury regarding dzhokhar tsarnaev. after days of fumbling around on the question of whether he would have invaded iraq, jeb bush finally has an answer. alix: he told reporters he has a hard time disagreeing with his family in public at a press gaggle yesterday. he said, i'm not going to go out of my way to say my brothers did this wrong or my dad did this wrong. it is not going to happen. i have a hard time with that. i love my family a lot. scarlet: joining us now is the bloomberg politics managing editor and

they tell us how worried investors are and how long they expect this postelection uncertainty to last volatility is a way of gauging if investors are betting on the second election in the medium-term as well. three very important charts just 2 days away from the u.k. election. caroline: the west london boroughs in chelsea have outlawed the so-called mega-basement. some property owners digging three stories underground added millions to the value of their homes. we met up with 2 developers who are said to be building the last mega-basement. >> we're off to chelsea to go to a project we recently finished which is on the market. >> a normal basement job we will charge the client 400,000 pounds. now 1000 square-foot basement that is going to make the client one million pound extra. >> my name is nick jeffries. at present, we are in chelsea. we have created 1000 square feet and we have a jim, the utility room -- gym, the utility room and a bedroom with a suite. the property value added about 2.7 million pounds just to the basement. this house is on the market for 12 million pounds today. i

mark: has the postelection u.k. asset bounce lasted? coming up. ♪ >> has the post u.k.ted? u.k. uncertainty was put to bed. all three charts are year to date. the white circle right there. the index had its biggest jump. the biggest gainers. they were perceived to be among the biggest losers. things aren't looking so rosy. a fall on tuesday with a standout performance after a warning about earnings. the footsie is 1% over the five-year time. -- ftse is 1% over the five-year period. the middle chart tracks the pound against major currencies. it is a weighted index. last friday it led by 1.4%. the yellow circle right there. the biggest one-day gain in almost five years. the index rising a further 1.4% on tuesday. the gauge closed at the highest level since july, 2000 nine. investors chose to overlook a reduction in the bank of england quarterly growth forecast on wednesday and focus on a potential rate hike in the next 12 months. let's focus on the bond market. the final chart is a gauge of u.k. government bonds. last friday it rose by .66%. this drop takes the losses ove

let's fast-forward to the postelection environment. the book covers the election campaign and also the aftermath of the bjp modi's party continued to ride on a collection for a number of months after the election and won a series of key state elections. however, in february this year the bjp lost this election in new delhi which in its short existence has campaigned on basic issues, things like clean water, cheap electricity, less corruption as well. and you covered this in your book, which is impressive. this happened in february. your book was published a few weeks ago. you covered the setbacks for the bjp. the question is what do you think is the sat back in this new delhi state election tells us about the bjp and its strategy. does this suggest despite other fancy hocus-pocus in the technology described despite all of that at the end of the day it is the issues and particularly bread-and-butter issues that will ultimately carry the day in an election campaign. do you think that could be the case or should we see this as a case of t

the postelection rally doesn't seem to be running out of steam, does it?breather over the last two or three weeks. we have seen it come off its highs. if you look at the overall ugly beauty contest, the u.k. since right behind the u.s. in terms of where you are looking for central banks to raise rates. it is still a long way off. nonetheless, it will be interesting to see what they say in the queen's speech. i doubt they will have too much effect, but it will sort of underlie the idea that this is a conservative government in full control of the economy. it is full speed ahead on austerity. caroline: iag, wanting to keep an eye on after ireland said with aer lingus, they could sell their stake to iag. we've got generali. any view on where we are going to see equity markets trade? chris: if you are looking at iag, clearly, we have that big news finally out of the way. it clears the path for them to push on. we have had a strong performance from those shares this year, but a lot more to come if that recovery in european business travel continues. probably, e